Sunday, September 13, 2020

The 81 Largest Pennsylvania Companies Total Pretax Earnings Declined Precipitously By 81% in the Second Quarter of 2020, Even Much Higher Than Their 54% Decline in the First Quarter of 2020

From a review of Company SEC filings and the Google Finance website, I found 81 Pennsylvania Companies with stock market caps of above $1 bil in early June 2020.  Of these 81 Pennsylvania Companies, 75 or 93% of them had June 2020 second quarter ends and 6 had July 2020 second quarter  ends.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second and first quarters of both 2020 and 2019 for each of these 81 excellent Pennsylvania Companies.


US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
Second Second First First
 Pennsylvania Companies Quarter Quarter Quarter Quarter
Stock Market Caps Above $1 Bil  City HQs  2020 2019 2020 2019
mils $ mils $ mils $ mils $
Comcast Corp Philadelphia             3,955             4,164             2,924             4,708
Air Products & Chemicals Allentown                566                610                653                541
PPL Corp Allentown                418                525                694                592
Dick's Sporting Goods Coraopolis                391                151              (208)                  80
AmerisourceBergen Chesterbrook                344                371                276                  19
Hershey Hershey                334                363                335                396
FMC Corp Philadelphia                225                225                248                244
Ametek Berwyn                206                271                351                257
Crown Holdings Yardley                192                260                151                178
Equitrans Midstream Corp Canonsburg                178                142                209                232
Toll Brothers Horsham                152                187                  66                151
SEI Investments Oaks                132                162                139                146
TE Connectivitity Ltd Berwyn                127                513              (410)                520
PPG Industries Pittsburgh                126                363                319                419
Westinghouse Air Brake Tech Pittsburgh                114                144                149                  15
Ansys Canonsburg                113                130                  33                  99
Gaming & Leisure Properties Wyomissing                112                  94                  97                  94
Federated Hermes Pittsburgh                111                  84                  86                  73
West Pharmaceutical Services Exton                102                  80                  87                  70
Erie Indemnity Co Erie                102                106                  76                  96
F N B Corp Pittsburgh                100                119                  58                116
UGI Corp King of Prussia                  97                (49)                299                487
Ollie's Bargain Outlet Harrisburg                  92                  31                  43                  41
Select Medical Holdings Mechanicsburg                  91                  81                  92                  72
Avantor Radnor                  79                (51)                  65                    4
EPAM Systems Newtown                  76                  71                  96                  64
Essential Utilities  Bryn Mawr                  75                  53                  45                    9
Urban Outfitters Philadelphia                  69                  82              (199)                  43
Armstrong World Industries Lancaster                  61                  83              (300)                  50
Weis Markets Sunbury                  56                  27                  36                  19
MSA Safety Cranberry Township                  48                  53                  57                  32
Dentsply Sirona York. PA / Charlotte, NC             (120)                   48
             (130)                  54
Fulton Financial Lancaster                  46                  70                  29                  67
EnerSys Reading                  42                  59                    7                  24
II-VI Inc Saxonburg                  41                  35                  41                  25
CubeSmart Malvern                  39                  50                  38                  36
PQ Group Holdings Malvern                  33                  51                    2                    6
Five Below Philadelphia                  33                  38                (72)                  26
Vishay Intertechnology Malvern                  30                  71                  36                100
Healthcare Services Group Bensalem                  30                  24                  27                  12
Teleflex Wayne                  23                  87                142                  53
Evoqua Water Technologies Pittsburgh                  23                  12                    8                  (3)
Mylan NV Canonsburg                  20                (52)                  31              (115)
Essent Group Ltd Radnor                  19                163                177                150
Dorman Products Colmar                  17                  27                  28                  30
Kulicke and Soffa Industries Fort Washington                  12                    5                  13                    1
Kennametal Pittsburgh                  10                  80                  32                  79
Hamilton Lane Bala Cynwyd                    7                  32                  25                  41
Brandywine Realty Trust Philadelphia                    4                    6                    8                    5
BioTelemetry Malvern                    3                  13                  12                  10
Harmony Biosciences Plymouth Meeting                  (0)                (21)                (39)                (63)
Livent Corp Philadelphia                  (2)                  18                  (2)                  21
BrightView Holdings Blue Bell                  (3)                  43                (27)                  (5)
Quaker Chemical Conshohocken                  (6)                  20                (42)                  18
Northwest Bancshares Warren                  (7)                  34                    9                  32
Harsco Camp Hill                (12)                    3                  (8)                  14
American Eagle Outfitters Pittsburgh                (19)                  86              (361)                  52
Globus Medical Audubon                (22)                  47                  32                  42
Vertex King of Prussia                (30)                    7                (29)                    8
Radian Group Philadelphia                (42)                210                181                216
WESCO INTL Pittsburgh                (45)                  81                  44                  54
S&T Bancorp Indiana                (45)                  31                  16                  27
Madrigal Pharmaceuticals West Conshocken                (49)                (20)                  36                  15
FS KKR Capital Corp Philadelphia                (55)                101              (703)                101
Shift4 Payments Allentown                (76)                  (8)                  (5)                (13)
Howmet Aerospace Pittsburgh                (86)              (268)                291                257
Axalta Coating Systems Ltd Philadelphia                (98)                118                  28                  58
Alcoa Pittsburgh              (105)              (177)                219                  92
Arconic Pittsburgh              (123)                  13                  91                  66
Carpenter Technology Philadelphia              (148)                  63                  50                  68
CNX Resources Canonsburg              (159)                233              (458)                (76)
Lincoln National Radnor              (161)                421                  34                268
Penn National Gaming Wyomissing              (273)                  70              (708)                  56
Allegheny Technologies Pittsburgh              (327)                  84                  34                  17
EQT Corp Pittsburgh              (366)                164              (134)                229
Chubb Philadelphia              (393)             1,358                467             1,228
Aramark Philadelphia              (422)                107              (197)                  39
United States Steel Pittsburgh              (594)                  61              (410)                  62
PNC Financial Services Pittsburgh              (902)             1,424             1,060             1,519
Kraft-Heinz Pittsburgh           (1,703)                551                541                621
EQT Midstream Partners LP (Acquired by Equitrans Midstream Corp) Canonsburg  NA   NA                 255                252
Total all 81 Pennsylvania Cos            2,883           15,118             7,286           15,743
… % Change From Prior Year Quarter -81% -54%